Sunrun Inc. [RUN] Stock trading around $36.59 per share: What’s Next?

Sunrun Inc. [NASDAQ: RUN] traded at a high on 08/15/22, posting a 1.30 gain after which it closed the day’ session at $36.59. The company report on August 12, 2022 that Sunrun Applauds House Passage of the Inflation Reduction Act, the Most Consequential Legislation to Address Climate Change in U.S. History.


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Today, Sunrun (Nasdaq: RUN), the nation’s leading home solar, battery storage and energy services provider, issued a statement on the U.S. House of Representatives passing the Inflation Reduction Act:.

“What an historic moment for our country! Sunrun applauds everyone in Congress and the Biden Administration who helped accomplish this major step forward for humanity. The Inflation Reduction Act will combat inflation, lower energy prices and help our country meet its climate goals. It will boost U.S. manufacturing, create millions of good-paying jobs, expand access and equity for those who need it most, and improve grid stability and resilience. The need for families to take control of their energy and for broader U.S. energy independence has never been clearer. All of us at Sunrun are focused on scaling as fast as humanly possible to provide customers with a more affordable, clean and resilient way to power their homes and lives.” – Mary Powell, CEO, Sunrun.

The results of the trading session contributed to over 6941446 shares changing hands. Over the past one week, the price volatility of Sunrun Inc. stands at 6.79% while the volatility over the past one month is 7.92%.

The market cap for RUN stock reached $7.64 billion, with 211.13 million shares outstanding and 199.34 million shares in the current float. Compared to the average trading volume of 8.13M shares, RUN reached a trading volume of 6941446 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Sunrun Inc. [RUN]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RUN shares is $47.02 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RUN stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Barclays have made an estimate for Sunrun Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on August 05, 2022. While these analysts kept the previous recommendation, Piper Sandler dropped their target price from $35 to $29. The new note on the price target was released on July 19, 2022, representing the official price target for Sunrun Inc. stock. Previously, the target price had yet another raise to $27, while Wells Fargo analysts kept a Equal Weight rating on RUN stock.

The Average True Range (ATR) for Sunrun Inc. is set at 2.54, with the Price to Sales ratio for RUN stock in the period of the last 12 months amounting to 3.91. The Price to Book ratio for the last quarter was 1.22, with the Price to Cash per share for the same quarter was set at 2.50.

How has RUN stock performed recently?

Sunrun Inc. [RUN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.18. With this latest performance, RUN shares gained by 55.31% in over the last four-week period, additionally plugging by 60.69% over the last 6 months – not to mention a drop of -21.63% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RUN stock in for the last two-week period is set at 70.09, with the RSI for the last a single of trading hit 73.04, and the three-weeks RSI is set at 66.94 for Sunrun Inc. [RUN]. The present Moving Average for the last 50 days of trading for this stock 26.91, while it was recorded at 35.87 for the last single week of trading, and 30.88 for the last 200 days.

Sunrun Inc. [RUN]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Sunrun Inc. [RUN] shares currently have an operating margin of -40.08 and a Gross Margin at +14.34. Sunrun Inc.’s Net Margin is presently recorded at -4.93.

Return on Equity for this stock declined to -1.29, with Return on Assets sitting at -0.49.

Sunrun Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.70.

Earnings analysis for Sunrun Inc. [RUN]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RUN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sunrun Inc. go to 47.82%.

Insider trade positions for Sunrun Inc. [RUN]

There are presently around $7,176 million, or 95.80% of RUN stock, in the hands of institutional investors. The top three institutional holders of RUN stocks are: BLACKROCK INC. with ownership of 32,471,174, which is approximately 2.795% of the company’s market cap and around 1.90% of the total institutional ownership; VANGUARD GROUP INC, holding 18,155,166 shares of the stock with an approximate value of $664.3 million in RUN stocks shares; and ORBIS ALLAN GRAY LTD, currently with $474.75 million in RUN stock with ownership of nearly 21.114% of the company’s market capitalization.

Positions in Sunrun Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 228 institutional holders increased their position in Sunrun Inc. [NASDAQ:RUN] by around 21,685,615 shares. Additionally, 216 investors decreased positions by around 21,513,468 shares, while 63 investors held positions by with 152,907,010 shares. The mentioned changes placed institutional holdings at 196,106,093 shares, according to the latest SEC report filing. RUN stock had 53 new institutional investments in for a total of 4,281,992 shares, while 84 institutional investors sold positions of 4,517,769 shares during the same period.

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